Luminar receives a larger $33 million bid for its lidar business
A new leading bidder has appeared in the Luminar bankruptcy case: Redmond, Washington-based MicroVision, which beat out Quantum Computing Inc.’s bid by $5 million.
Austin Russell
Luminar founder Austin Russell agrees to accept subpoena in bankruptcy case
The agreement comes two weeks after Luminar accused its billionaire founder of dodging information requests, as it evaluates potential legal claims.
Luminar lines up $22 million bidder for its lidar business
The bid comes from Quantum Computing Inc., which already lined up to buy Luminar’s semiconductor division. Luminar founder Austin Russell has also expressed interest.
Luminar claims founder Austin Russell is dodging a subpoena in the bankruptcy case
The Luminar founder claims he has been cooperative.
How Luminar’s doomed Volvo deal helped drag the company into bankruptcy
Luminar says trouble with Volvo started as early as 2022, and that the Swedish automaker made — but then backed away from — large orders of its lidar sensors.
Luminar is fighting with its biggest customer as bankruptcy threat looms
The fight comes at a perilous time for Luminar, which is running out of cash and under SEC investigation.
Luminar is cutting jobs, losing its CFO, and warning of a cash shortage
The new turmoil comes as founder Austin Russell is trying to buy the company just a few months after being replaced as CEO.
TechCrunch Mobility: A takeover that might not be hostile
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.
Ousted Luminar CEO Austin Russell wants to buy the company
Austin Russell was replaced in May following an ethics inquiry, but now he wants to use his new AI lab to buy Luminar.